Italy is developing the right economic ideas on how to manage coronavirus and Trump is not

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The BBC has reported that:

Mortgage payments will be suspended across Italy as part of measures to soften the economic blow of coronavirus on households, a minister has said.

Laura Castelli, Italy's deputy economy minister, told Radio Anch'io: "Yes, that will be the case, for individuals and households."

Italy's banking lobby group ABI said lenders would offer debt holidays to small firms and families.

This is, of course, one of the proposals I made here a few days ago for managing this crisis. I suspect much of that plan will see the light of day.

Trump has it all wrong by the way: tax cuts are not the solution; payment holidays are.